Susquehanna Increases United Airlines (NASDAQ:UAL) Price Target to $85.00

United Airlines (NASDAQ:UAL) had its target price upped by research analysts at Susquehanna from $70.00 to $85.00 in a report released on Thursday, Benzinga reports. The brokerage presently has a “positive” rating on the transportation company’s stock. Susquehanna’s price objective indicates a potential upside of 14.63% from the company’s current price.

Several other brokerages have also recently weighed in on UAL. Morgan Stanley increased their price target on United Airlines from $80.00 to $88.00 and gave the company an “overweight” rating in a research note on Thursday. Jefferies Financial Group raised their price target on shares of United Airlines from $69.00 to $75.00 and gave the stock a “buy” rating in a report on Wednesday, October 2nd. Barclays upped their price objective on shares of United Airlines from $66.00 to $75.00 and gave the company an “overweight” rating in a research note on Wednesday. Bank of America lifted their target price on shares of United Airlines from $70.00 to $84.00 and gave the stock a “buy” rating in a research note on Thursday. Finally, TD Cowen upped their price target on shares of United Airlines from $80.00 to $100.00 and gave the company a “buy” rating in a research report on Thursday. Two investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $78.88.

United Airlines Stock Up 1.1 %

NASDAQ:UAL opened at $74.15 on Thursday. United Airlines has a one year low of $33.68 and a one year high of $74.95. The company has a debt-to-equity ratio of 2.07, a current ratio of 0.77 and a quick ratio of 0.71. The company has a market cap of $24.38 billion, a PE ratio of 9.17, a P/E/G ratio of 0.94 and a beta of 1.44. The firm’s 50 day simple moving average is $51.38 and its 200 day simple moving average is $49.68.

United Airlines (NASDAQ:UAL) last issued its quarterly earnings results on Tuesday, October 15th. The transportation company reported $3.33 EPS for the quarter, topping analysts’ consensus estimates of $3.10 by $0.23. The company had revenue of $14.84 billion for the quarter, compared to analyst estimates of $14.76 billion. United Airlines had a net margin of 5.28% and a return on equity of 33.90%. During the same quarter in the previous year, the business earned $3.65 earnings per share. On average, research analysts anticipate that United Airlines will post 9.88 earnings per share for the current year.

United Airlines declared that its Board of Directors has initiated a share repurchase program on Tuesday, October 15th that permits the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization permits the transportation company to purchase up to 7.1% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s leadership believes its shares are undervalued.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. BNP Paribas acquired a new stake in shares of United Airlines in the 1st quarter worth about $25,000. Fidelis Capital Partners LLC bought a new stake in United Airlines during the 1st quarter worth approximately $27,000. Strategic Investment Solutions Inc. IL purchased a new stake in shares of United Airlines in the second quarter worth approximately $30,000. Armstrong Advisory Group Inc. bought a new position in shares of United Airlines in the third quarter valued at approximately $36,000. Finally, Crewe Advisors LLC purchased a new position in shares of United Airlines during the first quarter valued at approximately $32,000. 69.69% of the stock is owned by institutional investors.

United Airlines Company Profile

United Airlines Holdings, Inc, through its subsidiaries, provides air transportation services in North America, Asia, Europe, Africa, the Pacific, the Middle East, and Latin America. The company transports people and cargo through its mainline and regional fleets. It also offers catering, ground handling, flight academy, and maintenance services for third parties.